The companies positioned on the top ten spots of the 2023 National Company Ranking have a combined turnover of almost 280 billion euros, and their operating profit amounts to about 27 billion euros, shows data released on Thursday by Romania's Chamber of Commerce and Industry (CCIR).This year, a number of 13,030 companies were included in the first ten positions of the dedicated ranking. Their profit accounts for 9.6 percent of the total turnover, and the total number of employees with these entities is 1,359,833.By the number of companies included in the Top 10 ranking, the most significant fields are: industry (35.1 percent), services (28.4 percent), trade (20.7 percent), agriculture, forestry and fishing (4.9 percent), construction (4.6 percent), research-development & high-tech (3.7 percent), tourism (2.3 percent).Trade holds a share of 44.8 percent of the total turnover of the companies, followed by industry (35.6 percent) and services (11.3 percent). Industrial companies are the most profitable, with 45.9 percent of the aggregate profit, and a profit share of 12.4 percent of the turnover of the businesses in this segment.The 2023 National Company Ranking was put together based on 846,452 financial and accounting statements of entities active in Romania. Of these, 327,867 entered the competition for the leading ten places in the national ranking, in accordance with the methodology applied by the Chambers of Commerce in all of Romania's counties.The National Company Ranking is based on the following economic indicators: net turnover, operating profit, operating profit rate, efficiency in the use of human resources, and efficiency in the use of capital employed, and lists the best performing companies in seven economic fields: Industry, Services, Trade, Tourism, Research-Development & High-Tech, Agriculture, Forestry and Fishing, and Construction.The Gala of the 2023 National Company Ranking will take place on Thursday evening at the Romexpo Exhibition Center.
The European Commission (EC) announced on Monday, December 23, that it disbursed payments under the Recovery and Resilience Facility (RRF) to Czechia, Germany, Italy, Portugal, and Romania, totaling EUR 26.8 billion in loans and grants. Under this latest disbursement, Romania received EUR 37.05 million as part of its second payment request. By comparison, according to the...
Romanian film trilogy Moromeții, directed by Stere Gulea, will be presented at the 54th edition of the Rotterdam International Film Festival, taking place from January 30 to February 9, 2025. This renowned European event, which annually presents hundreds of films across more than 20 sections, will feature the three films - Moromeții (1987), Moromeții 2 […]
Romania issued state aid worth EUR 1.3 billion during 2019-2023, with 62% of the projects being granted to foreign companies, according to an analysis conducted by EY Romania. The sectors that benefited the most from aid were the automotive industry, technology, manufacturing (light industry), medical industry, and the food and beverage industry. According to the […]
The Abracadabra – Secrets of Magic interactive exhibition will transform Arcub – Hanul Gabroveni in Bucharest into a magical universe starting December 27, 2024. Running until May 4, 2025, the event offers visitors the opportunity to explore a labyrinth of magic, featuring over 20 interactive attractions and more than 500 live performances by MAGITOT and […]
Romanian president Klaus Iohannis and the head of the European Commission, Ursula von der Leyen, posted messages paying homage to the 1989 Romanian Revolution, which has its 35th anniversary these days. The Revolution put an end to the communist regime in Romania. The two leaders used the occasion to warn against the dangers of far-right, […]
Henry Páll Wulff, a German citizen living in Romania and former co-chair of Volt Romania political party, emphasizes how the disparate challenges and shifting dynamics in Romania underline the importance of understanding global trends. The year 2024 brought a wave of significant elections worldwide, from the United States to Europe and beyond. Against this backdrop, […]
